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UGA and the PGA Tour announced Wednesdat the UGA Golf Course is the new venufor Athens, Ga.’s annual tourney. The tournament—previouslgy known as the Athens RegionalFoundatiobn Classic—will now be called Athenss Classic at UGA, with proceeds benefiting need-basede scholarships through the university’s Arch Foundation. The tournameny is expected to be heldnext April. It will be organize d by UGA’s Auxiliary Services Department. “The Universitgy of Georgia is proud to be the host of the Athends Classicat UGA, and especiallg glad that the tournament will stay in the Athenes area,” UGA President Michael F. Adamas said in a statement.
“This has been a greaf event forthe community, and we look forward to teeintg off next April and raising money for need-based scholarships.” The PGA owns the Nationwidd Tour, which is a step below pro golf’se elite league. The former Athens Regiona l tournament had been held atsince 2006. Nationwidse Tour officials approached UGA about taking over the tournament afterd its contract wasnot renewed, according to The Athens Banner-Herald.
"Athenz has been very supportive of the Nationwidse Tour since we first came herein 2006," Nationwide Tour presideng Bill Calfee said in a "We are confident the association with the University of Georgia and its wonderful UGA Golf Coursr will take the Classic to new levels of impact and interes among sponsors and Bulldog fans. "Wse look forward to many great tournaments in the future and addingb to the already impressive list of UGA golfers who have playec their way on to the Nationwide Tour and PGA In addition, we wish to thanik the Athens Regional Foundation for bringing the Nationwide Tour to Athene and the many contributions they have made to the communituy through the tournament the last four UGA signed a three-year agreement to play host to the the Banner-Herald reported.
UGA will spend $500,000o to launch the tournament, and the university is seekinfg sponsorships, the paper reported. , and are amont the institutions of higher learning that have played host to Nationwidde Tour events inthe
Monday 31 December 2012
Sunday 30 December 2012
Jacobs awarded trio of contracts - Los Angeles Business from bizjournals:
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The contract with the USACE is with the RockIslanr District. It is an indefinite-delivery, indefinite-quantity contract for architect-enginee services. The contact, which has a one-year base period and four one-yeafr options, has a top value of $12 The areas convered by the contrac are: the inland marine transportatioj system, flood damage reduction and other civil works The NAWCWD deal is for engineering support servicexs at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worth $170.6 million over five years. Jacobs has supportefd the NAWCWDsince 1995, providing systems test and evaluation, technical data and managemenyt support.
The Storengy deal is for engineering, and construction management services to upgradthe company's underground gas storage facility in Etrez, Terms of the contract were not disclosed. The projecgt will add four salt caverns to the existing 17 caverns at the site to increaswthe facility's production capacity as well as reducee impacts to the environment. Storengy, a company of the , is the second-largesgt natural gas storage operatordin Europe, with workinf capacity of approximately 400 billioh cubic feet.
Pasadena-based Jacobss (NYSE: JEC) is one of the world'ds largest providers of technical, professional, and construction
The contract with the USACE is with the RockIslanr District. It is an indefinite-delivery, indefinite-quantity contract for architect-enginee services. The contact, which has a one-year base period and four one-yeafr options, has a top value of $12 The areas convered by the contrac are: the inland marine transportatioj system, flood damage reduction and other civil works The NAWCWD deal is for engineering support servicexs at the China Lake and Point Mugu test The contract is effectiveJuly 1, and is worth $170.6 million over five years. Jacobs has supportefd the NAWCWDsince 1995, providing systems test and evaluation, technical data and managemenyt support.
The Storengy deal is for engineering, and construction management services to upgradthe company's underground gas storage facility in Etrez, Terms of the contract were not disclosed. The projecgt will add four salt caverns to the existing 17 caverns at the site to increaswthe facility's production capacity as well as reducee impacts to the environment. Storengy, a company of the , is the second-largesgt natural gas storage operatordin Europe, with workinf capacity of approximately 400 billioh cubic feet.
Pasadena-based Jacobss (NYSE: JEC) is one of the world'ds largest providers of technical, professional, and construction
Thursday 27 December 2012
He's the Pfoodman: Pfremmer shifts his lifestyle, company into high gear after a bout of pneumonia - St. Louis Business Journal:
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"I've had a lot of universith food experiences, most of them not worth mentioning," said the acting president of Lindenwood. "Ourf students often compliment the which is unusualfor college." Evan echoes the students, comparing special event meals from Lindenwood'd campus caterer, , to five-star restaurants. The universitu liked Ralph Pfremmer, the president and principao ownerof Pfoodman, well enough to hire him threes times -- most recentlu with Pfoodman after his stintsw with national competitors in the food service business. Nationall food service giants suchas , and one of Pfremmer'z former employers, , dominate the food services industry.
But more institutions such as Lindenwooe want to work with smaller companies such as Pfremmer said. In the last year, Pfoodman landed three new food service contracts inthe St. Loui area -- with and seniorr living centers in WingHaven and in Webster Groves. The growth in the St. Louis plus consulting work for Pfoodman's existing clients, helpedx push the six-year-old companyu to $7.3 million in revenuse for its fiscal year that endedJune 30. Pfremmer said the business is on track to generate morethan $10 millionb in revenue for its currentf fiscal year. The growth in St. Louis also prompted Pfoodmanh to relocate its corporate operationsfrom Columbia, Mo., to St. Louia in June.
Pfremmer joined Pfoodman in 2001. He receivedr a 20 percent stake inthe business, then knowm as , in part for bringing in contracta with Lindenwood and Missouri Valley College in Mo. A year later he borrowerd $200,000 from in St. Louis to buy out the interest of Tim one of the company Pfremmer became president and now owns 65 percent of the His partner andthe company's co-founder, Brianm Dittmer of Columbia, owns 35 The company initially changed its name to Hospitalitg Services Inc. It expanded into food serviced for senior living homes and later starte d calling oncountry clubs.
Last year it started providingv food service forin Chesterfield, and this month it renewed its contractf for another year. The Pfoodman name came shortly aftefr Pfremmer joined the business and had his own epiphanyy in the wake of a boutof "I used to be a smoker. I weighed about 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccpo and started exercising seriously and watchinghis diet. Pfremme managed to blend his new lifestyl e withhis business. He took up bicyclinfg and started providing food at bicycle races and othedr cycling events to promotehis company. He became known as the Pfoodman, and the name stuck.
"o started marketing (with the cycling because it was the audienceI knew." Pfremmer became serioue enough about the sport that he starter racing in amateur road and off-road events throughoutt the Midwest. He is a membet of . Pfoodman now has nine contract food servicer sites and218 full-time Of those, about 150 are in the St. Louis area. Another 300 people work part time forthe "There's not many times a persohn can jump on top of an organization this he said, adding that he believeas the company can triple its revenue in the next severak years. "I can't go backwards now." Professional Jeff Causey, commercial lending officert of First National Bankin St.
Louis, is Pfoodman's banker. The companyt uses two law firms: Dale Rawlings of in St. Charlesx and in Clayton. Dave Wiggins of in Maryland Heights isthe company's accountant. Pfoodman LLC 930 Kehr Mill Road, Suite 324 Ballwin, Mo., 63011 www.pfoodman.comj
"I've had a lot of universith food experiences, most of them not worth mentioning," said the acting president of Lindenwood. "Ourf students often compliment the which is unusualfor college." Evan echoes the students, comparing special event meals from Lindenwood'd campus caterer, , to five-star restaurants. The universitu liked Ralph Pfremmer, the president and principao ownerof Pfoodman, well enough to hire him threes times -- most recentlu with Pfoodman after his stintsw with national competitors in the food service business. Nationall food service giants suchas , and one of Pfremmer'z former employers, , dominate the food services industry.
But more institutions such as Lindenwooe want to work with smaller companies such as Pfremmer said. In the last year, Pfoodman landed three new food service contracts inthe St. Loui area -- with and seniorr living centers in WingHaven and in Webster Groves. The growth in the St. Louis plus consulting work for Pfoodman's existing clients, helpedx push the six-year-old companyu to $7.3 million in revenuse for its fiscal year that endedJune 30. Pfremmer said the business is on track to generate morethan $10 millionb in revenue for its currentf fiscal year. The growth in St. Louis also prompted Pfoodmanh to relocate its corporate operationsfrom Columbia, Mo., to St. Louia in June.
Pfremmer joined Pfoodman in 2001. He receivedr a 20 percent stake inthe business, then knowm as , in part for bringing in contracta with Lindenwood and Missouri Valley College in Mo. A year later he borrowerd $200,000 from in St. Louis to buy out the interest of Tim one of the company Pfremmer became president and now owns 65 percent of the His partner andthe company's co-founder, Brianm Dittmer of Columbia, owns 35 The company initially changed its name to Hospitalitg Services Inc. It expanded into food serviced for senior living homes and later starte d calling oncountry clubs.
Last year it started providingv food service forin Chesterfield, and this month it renewed its contractf for another year. The Pfoodman name came shortly aftefr Pfremmer joined the business and had his own epiphanyy in the wake of a boutof "I used to be a smoker. I weighed about 240 pounds," said Pfremmer, who now weighs 180. He gave up tobaccpo and started exercising seriously and watchinghis diet. Pfremme managed to blend his new lifestyl e withhis business. He took up bicyclinfg and started providing food at bicycle races and othedr cycling events to promotehis company. He became known as the Pfoodman, and the name stuck.
"o started marketing (with the cycling because it was the audienceI knew." Pfremmer became serioue enough about the sport that he starter racing in amateur road and off-road events throughoutt the Midwest. He is a membet of . Pfoodman now has nine contract food servicer sites and218 full-time Of those, about 150 are in the St. Louis area. Another 300 people work part time forthe "There's not many times a persohn can jump on top of an organization this he said, adding that he believeas the company can triple its revenue in the next severak years. "I can't go backwards now." Professional Jeff Causey, commercial lending officert of First National Bankin St.
Louis, is Pfoodman's banker. The companyt uses two law firms: Dale Rawlings of in St. Charlesx and in Clayton. Dave Wiggins of in Maryland Heights isthe company's accountant. Pfoodman LLC 930 Kehr Mill Road, Suite 324 Ballwin, Mo., 63011 www.pfoodman.comj
Wednesday 26 December 2012
Greater Phoenix CVB launches social media campaign - Sacramento Business Journal:
ogarawo.wordpress.com
The first contest offers a two-night stay at the Royalp Palms Resort and Spa and a candlelif dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packagee are expected to be given away fromthe Ritz-Carlto Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort Spa, Westin Kierland, Phoenician and Arizona Grand. The contest is part of a sociapl media marketing campaign by the Greater Phoenixz CVB that also includes anew blog, Twitter and Flickrt accounts, and YouTube videos. The called the Hot Sheet, is a frequently updated compendiujof restaurants, shops and activities.
The video called “Phoenix Dream Days,” features Phoenicianzs of local and national renown offeringf tours of their favorite local The inaugural video is hosted by celebrity chefMark Blog: Facebook: Twitter: YouTube: Flickr:
The first contest offers a two-night stay at the Royalp Palms Resort and Spa and a candlelif dinner for two atthe resort’s restaurant, T. In subsequent weeks, similar packagee are expected to be given away fromthe Ritz-Carlto Phoenix, Arizona Biltmore Resort Spa, InterContinental Montelucia Resort and Spa, Fairmont Scottsdale, Sheraton Wild Horse Pass Resort Spa, Westin Kierland, Phoenician and Arizona Grand. The contest is part of a sociapl media marketing campaign by the Greater Phoenixz CVB that also includes anew blog, Twitter and Flickrt accounts, and YouTube videos. The called the Hot Sheet, is a frequently updated compendiujof restaurants, shops and activities.
The video called “Phoenix Dream Days,” features Phoenicianzs of local and national renown offeringf tours of their favorite local The inaugural video is hosted by celebrity chefMark Blog: Facebook: Twitter: YouTube: Flickr:
Tuesday 25 December 2012
Mission Healthcare changes name, notes expansion - Rapid City Journal
ogarawo.wordpress.com
Mission Healthcare changes name, notes expansion Rapid City Journal The Welcov Healthcare name is a combination of the words wellness and cove, which reflect the company's goal of creating safe and welcoming environments that foster hope. The recent name change coincides with a period of great expansion for the ... |
Sunday 23 December 2012
A Conversation with Michael F. Paparella - Business First of Louisville:
burdukovahycel.blogspot.com
In your opinion, are more mergerd deals failing in their finalstages – if so, why? In the middlde market, generally, yes, more deales are failing. The reason most oftehn centers on the financial performance of the business deterioratingv duringthe company’s marketingf process. As performance falls off given thestruggling economy, buyerws seek downward adjustments to the purchase When the downward adjustments become too large, as determined by the selle r and their value expectations, the deal is often delayexd until performance improves, or is canceled altogether. Is it a good time for a busines s ownerto sell?
It depends on the industry, but in broad yes, this is still a good time for middled market businesses to sell. If a companyu has continued strong performance, a defensible product or service and stronghmanagement team, almost any time will be a good time to Why sell to a private equity firm over a strategidc buyer? They generally retain the management team, employees, facilities and brands. They allo current owners and other employees to share in owninvgthe business. They serve as a business helpingwith finance, planning and board-levep oversight. Private equity firms provide owners the optiojn to monetize some ofthe company’s net worth withou t giving up their day-to-day roles.
Finally, they provids these attributes with little disruption to the What isthe “perfect storm?” For the perfect storm begins when the economty and the sector in which they operater are performing well. Then, crediyt markets provide high levelsof low-cost debt. the company has consistently goodperformance year-over-year amid high demand for This was generally the scenario from mid-200e3 until mid-2007. The economy and credit markets have not been cooperatingv as muchsince then, but demand for acquisitions among private equity funds and strategic buyerz remains high. How would you define for a private equity poinrtof view?
Middle-market private equity firme seeking to acquire healthy companies tend to focud on building value throughh revenue expansion, as opposed to operations improvements and cost So, they seek opportunities that demonstratse growth potential for their hold periof and beyond. It’s important to remember they need to sell the busineszs inthe future, and the next buyer will also want sustainable revenues growth.
In your opinion, are more mergerd deals failing in their finalstages – if so, why? In the middlde market, generally, yes, more deales are failing. The reason most oftehn centers on the financial performance of the business deterioratingv duringthe company’s marketingf process. As performance falls off given thestruggling economy, buyerws seek downward adjustments to the purchase When the downward adjustments become too large, as determined by the selle r and their value expectations, the deal is often delayexd until performance improves, or is canceled altogether. Is it a good time for a busines s ownerto sell?
It depends on the industry, but in broad yes, this is still a good time for middled market businesses to sell. If a companyu has continued strong performance, a defensible product or service and stronghmanagement team, almost any time will be a good time to Why sell to a private equity firm over a strategidc buyer? They generally retain the management team, employees, facilities and brands. They allo current owners and other employees to share in owninvgthe business. They serve as a business helpingwith finance, planning and board-levep oversight. Private equity firms provide owners the optiojn to monetize some ofthe company’s net worth withou t giving up their day-to-day roles.
Finally, they provids these attributes with little disruption to the What isthe “perfect storm?” For the perfect storm begins when the economty and the sector in which they operater are performing well. Then, crediyt markets provide high levelsof low-cost debt. the company has consistently goodperformance year-over-year amid high demand for This was generally the scenario from mid-200e3 until mid-2007. The economy and credit markets have not been cooperatingv as muchsince then, but demand for acquisitions among private equity funds and strategic buyerz remains high. How would you define for a private equity poinrtof view?
Middle-market private equity firme seeking to acquire healthy companies tend to focud on building value throughh revenue expansion, as opposed to operations improvements and cost So, they seek opportunities that demonstratse growth potential for their hold periof and beyond. It’s important to remember they need to sell the busineszs inthe future, and the next buyer will also want sustainable revenues growth.
Saturday 22 December 2012
Hanger Orthopedic gets credit rating upgrade - Pacific Business News (Honolulu):
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Bethesda-based Hanger Orthopedic announced Monday thatStandarfd & Poor's Rating Services had raised its ratin on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'z senior secured debt to "BB-" from and raised the senior unsecureds debt rating to "B-" from "CCC+." Standard & Poor’s outlook for Hanger is “stable.
” "Wed are extremely pleased with the S&o upgrade especially given the current economic environment," said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistengt performance over the last three years, solid liquidithy as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net income increasedc 27 percent to $4.5 millionm as revenue increased 7 percent to $169.1 million.
Bethesda-based Hanger Orthopedic announced Monday thatStandarfd & Poor's Rating Services had raised its ratin on Hanger Orthopedic Group, Inc. to "B+" from raised the issue level ratingon Hanger'z senior secured debt to "BB-" from and raised the senior unsecureds debt rating to "B-" from "CCC+." Standard & Poor’s outlook for Hanger is “stable.
” "Wed are extremely pleased with the S&o upgrade especially given the current economic environment," said Hanger Orthopedic chief financial officer George "The upgrade reflects, among other things, our consistengt performance over the last three years, solid liquidithy as well as no significant near-term debt maturities." In its latest quarter Hanger Orthopedic (NYSE: HGR) reported that net income increasedc 27 percent to $4.5 millionm as revenue increased 7 percent to $169.1 million.
Friday 21 December 2012
5 Who Thrive: Leather Soul sees Rodeo Drive as the perfect fit - Tampa Bay Business Journal:
viningocouqyl1601.blogspot.com
Park plans to open his secondx store later this year inBeverly Hills, just off prestigiouw Rodeo Drive. He’s also looking to doublde his space at thethis year, less than two yearsa after moving in. Park’s growth has stemmed from a carefull cultivation of customers andvendors he’s the only authorizedd retailer for several brands — and a savvuy use of technology to promote a traditional, low-techb product. Part of Park’s strategy to expand his 5-year-old businessz has been to nurture his, and the store’s, reputatiohn as an expert in men’x shoes and fashion.
And he’ws undeterred by the recession, even though the shoezs he sells retail upwardsof $500 per “I’m 100 percent confidenrt I’m going to do well,” he said of the Californis move. He has done his research, and met with his onlin clients to make sure that the markeris there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internetsale — which exceeded Park’s goal by 30 This year he wants to best that by anotherd 30 percent. He’s financing the expansion to Beverly Hillsd with hisown money, with assistancee from Bank of Hawaii and help from some childhoodf friends.
The brands at Leatherf Soul — the American-made Alden; British brandsa Edward Green, John Lobb and Gazianol & Girling, and the French label J.M. Weston — are not availabler anywhere elsein Hawaii. “The products I they’re all the best he said. “Even in a bad economy, people still want good The decision to go to the Los Angeless area came about after the sales representativefrom Massachusetts-basedd Alden approached Park about an opportunity to take over the shoe departmentr of a well-known men’s store in Beverly Hills. The companu had a dealer in Northerhn California, but no presence in the southerbn part ofthe state.
Park met with people from the store, whic h he declined to name, and thought it seemed like a good But then, while driving around the neighborhood, he beganh to notice a lot of vacant retailp space. “If you think Hawaii is bad, it’s twicd as bad in he said. “I just thought there must be some opportunityh for agood deal.” He returned to Los Angelee a month later, met with real estate brokerx and began looking at retail The place he picked was one that he just “stumbled” a historic building at the corner of Rodeo Drives and Little Santa Monica The ground-floor space is also next to a shoe-repair Park found that landlords are much more williny to negotiate in this economy than they were just a coupls of years ago.
A half-dozen retail spaces on Rodeo Drive, less than a blocjk from the one Park is are listed for lease withrent “negotiable,” according to Park has signed a letter of inten t for a 650-square-foot space and is in negotiations for the aiming for a December opening. “Thes same spot a year-and-a-half ago would have been twicsas expensive,” he said. He’s also talking with the Festivak Cos., which manages the Royal Hawaiian Center, about moving to a space that’ s twice the size of his 600-square-foot store on the thired level ofBuilding A.
Park plans to open his secondx store later this year inBeverly Hills, just off prestigiouw Rodeo Drive. He’s also looking to doublde his space at thethis year, less than two yearsa after moving in. Park’s growth has stemmed from a carefull cultivation of customers andvendors he’s the only authorizedd retailer for several brands — and a savvuy use of technology to promote a traditional, low-techb product. Part of Park’s strategy to expand his 5-year-old businessz has been to nurture his, and the store’s, reputatiohn as an expert in men’x shoes and fashion.
And he’ws undeterred by the recession, even though the shoezs he sells retail upwardsof $500 per “I’m 100 percent confidenrt I’m going to do well,” he said of the Californis move. He has done his research, and met with his onlin clients to make sure that the markeris there. Leather Soul had revenues of $1.3 million last year 35 percent of that from Internetsale — which exceeded Park’s goal by 30 This year he wants to best that by anotherd 30 percent. He’s financing the expansion to Beverly Hillsd with hisown money, with assistancee from Bank of Hawaii and help from some childhoodf friends.
The brands at Leatherf Soul — the American-made Alden; British brandsa Edward Green, John Lobb and Gazianol & Girling, and the French label J.M. Weston — are not availabler anywhere elsein Hawaii. “The products I they’re all the best he said. “Even in a bad economy, people still want good The decision to go to the Los Angeless area came about after the sales representativefrom Massachusetts-basedd Alden approached Park about an opportunity to take over the shoe departmentr of a well-known men’s store in Beverly Hills. The companu had a dealer in Northerhn California, but no presence in the southerbn part ofthe state.
Park met with people from the store, whic h he declined to name, and thought it seemed like a good But then, while driving around the neighborhood, he beganh to notice a lot of vacant retailp space. “If you think Hawaii is bad, it’s twicd as bad in he said. “I just thought there must be some opportunityh for agood deal.” He returned to Los Angelee a month later, met with real estate brokerx and began looking at retail The place he picked was one that he just “stumbled” a historic building at the corner of Rodeo Drives and Little Santa Monica The ground-floor space is also next to a shoe-repair Park found that landlords are much more williny to negotiate in this economy than they were just a coupls of years ago.
A half-dozen retail spaces on Rodeo Drive, less than a blocjk from the one Park is are listed for lease withrent “negotiable,” according to Park has signed a letter of inten t for a 650-square-foot space and is in negotiations for the aiming for a December opening. “Thes same spot a year-and-a-half ago would have been twicsas expensive,” he said. He’s also talking with the Festivak Cos., which manages the Royal Hawaiian Center, about moving to a space that’ s twice the size of his 600-square-foot store on the thired level ofBuilding A.
Wednesday 19 December 2012
2009 WNY high school rankings - San Francisco Business Times:
fugycyquwod.blogspot.com
Profiles of the top 25 schools can be reachedf by clicking on the namez of thoseschools below. A breakdown of the rankings for each sectionh of Western New York can be accessed by . The following abbreviations havebeen used: CS-Charter School, EMS-Elementary-Middls School, ES-Elementary School, HS-High IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High MHS-Middle-High School, MS-Middle PS-Primary School, SHS-Senior High School, VHS-Vocational High Each school is followed by the name of the districr that operates it (if it’s a public or the district where it is located (if it’s a private • 1. • 2. 3. • 4. • 5. 6. • 7. 8.
• 9. 10. • 11. • 12. 13. • 14. • 15.
Profiles of the top 25 schools can be reachedf by clicking on the namez of thoseschools below. A breakdown of the rankings for each sectionh of Western New York can be accessed by . The following abbreviations havebeen used: CS-Charter School, EMS-Elementary-Middls School, ES-Elementary School, HS-High IS-Intermediate School, JHS-Junior High School, JSHS-Junior-Senior High MHS-Middle-High School, MS-Middle PS-Primary School, SHS-Senior High School, VHS-Vocational High Each school is followed by the name of the districr that operates it (if it’s a public or the district where it is located (if it’s a private • 1. • 2. 3. • 4. • 5. 6. • 7. 8.
• 9. 10. • 11. • 12. 13. • 14. • 15.
Tuesday 18 December 2012
Nepal India Koshi-Gandak irrigation meeting next week - Republica
ishinlyuboqemija.blogspot.com
Nepal India Koshi-Gandak irrigation meeting next week Republica 23: The Government is to raise with priority the issue of Gandak dam in the seventh meeting on the Koshi and Gandak Irrigation Project of the high-ranking officials of Nepal and India to be held next week. Matters relating to the washing away of land ... |
Monday 17 December 2012
Report: Steve Jobs ready to return at Apple - Boston Business Journal:
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The Wall Street Journal cited unnamed sourcesa in a report Friday that the nutritionalo problem that forced the Apple CEO to take medicak leave in January is now under The way he departed and subsequenrt secrecysurrounding Jobs' condition has led to much speculatiojn since then about when and if he woulfd return to the Cupertino company. a surviver of pancreatic cancer, had appearedd gaunt at public appearances beforse takinghis leave, a condition he attributed to a nutritionalp problem related to a hormone The Journal quoted an unnamede person who it said has seen Jobs in recenf weeks, "He was one real sick guy. Fundamentally he was starving to deaty overa nine-month period.
He couldn't digest [But] he took corrective action.'' Apple's marketing chief, Philip Schiller, is scheduled to give the keynotre address at the San Francisc o conferenceon Monday, something Jobs woul have done before he took his Te company is expected to unveill its new version of the iPhone which will reportedly include more processinbg power and new features. Until his leave, a rise in concernd about Jobs' health regularly caused a drop inthe company's stock, but it has actually outperformeds the market since January. Apple is up 68 percen t since sincehis Jan. 14 departure, closing Thursdat at $143.74. The Nasdaq is up only 24 percent in thatsame period.
The Wall Street Journal cited unnamed sourcesa in a report Friday that the nutritionalo problem that forced the Apple CEO to take medicak leave in January is now under The way he departed and subsequenrt secrecysurrounding Jobs' condition has led to much speculatiojn since then about when and if he woulfd return to the Cupertino company. a surviver of pancreatic cancer, had appearedd gaunt at public appearances beforse takinghis leave, a condition he attributed to a nutritionalp problem related to a hormone The Journal quoted an unnamede person who it said has seen Jobs in recenf weeks, "He was one real sick guy. Fundamentally he was starving to deaty overa nine-month period.
He couldn't digest [But] he took corrective action.'' Apple's marketing chief, Philip Schiller, is scheduled to give the keynotre address at the San Francisc o conferenceon Monday, something Jobs woul have done before he took his Te company is expected to unveill its new version of the iPhone which will reportedly include more processinbg power and new features. Until his leave, a rise in concernd about Jobs' health regularly caused a drop inthe company's stock, but it has actually outperformeds the market since January. Apple is up 68 percen t since sincehis Jan. 14 departure, closing Thursdat at $143.74. The Nasdaq is up only 24 percent in thatsame period.
Saturday 15 December 2012
Puno: DREM pidió intervenir a mineros ilegales que contaminan el rÃo Inambari - Pachamama radio 850 AM
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Puno: DREM pidió intervenir a mineros ilegales que contaminan el rÃo Inambari Pachamama radio 850 AM El director regional de EnergÃa y Minas, César RodrÃguez, pidió la intervención de la FiscalÃa en Materia Ambiental, a los mineros ilegales que están contaminando el rÃo Inambari, con maquinarias pesadas en las zonas del Carmen y La Oroya. “En una ... |
Thursday 13 December 2012
How Dave Sexton's funeral proved football's "Great Divide" is only a temporary one - Mirror.co.uk
xszeyluje.blogspot.com
How Dave Sexton's funeral proved football's "Great Divide" is only a temporary one Mirror.co.uk Coins thrown, talk of the return of fences, pitched battles among rival supporters and players stalling over mega-offer contracts that will ensure multi-millionaire status by their mid-20's. It would appear to the outside world that on Monday morning ... |
Tuesday 11 December 2012
Vancouver man recognized for risking his life to save others - Global BC
olimstgon.blogspot.com
Vancouver man recognized for risking his life to save others Global BC A Vancouver man who risked his own life to try to save others was recognized at the City Hall today. Michael John Fuller was driving in the Massey Tunnel in February of 2010 when he saw a vehicle smash into the wall and burst into flames. Without ... |
Monday 10 December 2012
UK ready to 'trust' US over failing banks - Financial Times
meaning-sarajevo.blogspot.com
UK ready to 'trust' US over failing banks Financial Times UK authorities are prepared to “trust†their US counterparts the next time a big American financial company with large London operations runs into financial trouble and will refrain from seizing local assets and capital, said Paul Tucker, the deputy ... |
Sunday 9 December 2012
Twelve charged with defrauding Miami-Dade health plan - South Florida Business Journal:
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State insurance fraud investigators arrested eighft of the suspects in a swee p that beganin Miami-Dade and Broware counties. Three others are expectes to surrender, two of them in South Florida. Stilk being sought is Dennis M. Montero, whom investigators identifiex asthe group's ringleader. Montero, a 39-year-old formerd Miamian, formed two fake medical-equipmenyt companies and recruited the hospitaol workers to participate in making fraudulent claims for unneeded and nonexistentymedical supplies, investigators said. They said he fled to Ga., during their 17-month investigation.
So far, the investigation -- dubbes Operation Terminal Illness -- has led to charges against 28 people, including 16 arrested last February in connectiom with a separate but similar scheme that also involved hospital employees and targeted thesame self-insurance plan administered by Blue Cross/Blue Shield for public employees of Miami-Dade. Jacksonm Memorial is an affiliate of themetro government, makingt its employees eligible to participate in the healtuh coverage. "Insurance fraud hits everyone in the Commissioner Bill Nelson said in announcing thelatesy arrests. "And if public employees are involved, it violates a speciall trust.
" The new charges allege that Montero and four hospitalp employees committed organized fraux as well asgrand theft. The seven other hospital workerzs face grandtheft charges. Investigators said the charges involvde morethan $415,000 worthj of fraudulent claims filed from Januar 1996 to April 1999 for nebulizeres and pharmaceuticals commonly used in treating respiratoru ailments. Of that amount, they said, payments totalingv $222,651 were actually made to Monter o and hisfictitious companies, or sent directlyt to hospital employees.
Investigators said Monterk created the two medical equipmentcompanies -- Key's Med-Care and Servui Med-Care Supplies -- for the sole purpose of filinb the fraudulent medical claims. The 11 present or former Jackson Memorial employees allegedly involved in the schemre include two who worked inthe hospital'sw security division, three who worked in four who worked in administration and two who workefd in environmental services. Investigators said Clara E.
38, of Miami, who has sincew resigned from an administrative job inthe hospital'xs accounting office, helped Montero by encouraging her fellow workeras to allow their insurance information to be used in filingt the fraudulent claims. The Florida Department of Insurancre launched the investigation in April 1999 afterrBlue Cross/Blue Shield of Florida discoverex medical supply companies submitting claimsa to cover the same equipment for employees undeer the same health plan. The 16 arresta last February included 11 publicemployees -- nine of them from Jacksoh -- and involved three other fictitious medicapl equipment firms and more than $800,0000 worth of fraudulent claims.
The insurancd department's PROFIT squad, a special strike force establishe by Nelson in the Divisio of Insurance Fraud to focux on major cases involving health insurance has spearheaded the Investigatorssaid Montero's scheme began to unravel after they servedf a court-ordered subpoena and obtained witness statementxs that Key's Med-Care and Servi Med-Care Supplied were fictitious companies that had no patieny records, medical equipment inventory or employee payroll records, or any othet documents or items to support the operatioj of a medical equipment company.
In a doctor whose credentials were used on the claims providee investigators with a sworn affidavit that he neve r signed any prescriptions or other documents for Montero. Ron director of the insurancefraud division, said investigator are continuing to work with Jackson Memorial officials and the to determiner whether there were any other such schemes against the county employees' health plan. Miami-Dade State Attorneu Katherine Fernandez Rundle will prosecute thesslatest cases. Those charged are: Clarqa E. Ortiz, 38, 17360 N.W. 52nd Place, grand theft and organized fraud; Sallide M. Hussey-Spears, 46, 3318 N.W. 193rd St., grand theft and organized fraud; Juanitz T.
Bernard, 40, 17901 N.W. 68th Miami, grand theft; Barbara S. 52, 2281 N.W. 60th St., Miami, granfd theft; Cheryl P. 40, 2745 N.W. 202 Lane, Opa-Locka, gran d theft and organized fraud; Eunice V. Madrigal, 38, also, 18785 N.W. 62nd #105, Miami, grand theft and organized Frederick Spears, 39, 3318 N.W. 193rr St., Miami, grand theft; Silviwa D. Portobanco, 46, 4443 N.W. 185thg St., Miami, grand theft; Fronita D. 44, 4020 S.W. 59th Terrace, Hollywood, grandx theft; Arturo Alvarez, 35, 6195 N.W. 186t h St., Miami Lakes, grand theft; Dennis M. 39, formerly of Miami, last knownb to be in Tucker, Ga., grand theftt and organized fraud; Glorisa F.
Serrie, 53, formerly of now resides in Manning, grand theft.
State insurance fraud investigators arrested eighft of the suspects in a swee p that beganin Miami-Dade and Broware counties. Three others are expectes to surrender, two of them in South Florida. Stilk being sought is Dennis M. Montero, whom investigators identifiex asthe group's ringleader. Montero, a 39-year-old formerd Miamian, formed two fake medical-equipmenyt companies and recruited the hospitaol workers to participate in making fraudulent claims for unneeded and nonexistentymedical supplies, investigators said. They said he fled to Ga., during their 17-month investigation.
So far, the investigation -- dubbes Operation Terminal Illness -- has led to charges against 28 people, including 16 arrested last February in connectiom with a separate but similar scheme that also involved hospital employees and targeted thesame self-insurance plan administered by Blue Cross/Blue Shield for public employees of Miami-Dade. Jacksonm Memorial is an affiliate of themetro government, makingt its employees eligible to participate in the healtuh coverage. "Insurance fraud hits everyone in the Commissioner Bill Nelson said in announcing thelatesy arrests. "And if public employees are involved, it violates a speciall trust.
" The new charges allege that Montero and four hospitalp employees committed organized fraux as well asgrand theft. The seven other hospital workerzs face grandtheft charges. Investigators said the charges involvde morethan $415,000 worthj of fraudulent claims filed from Januar 1996 to April 1999 for nebulizeres and pharmaceuticals commonly used in treating respiratoru ailments. Of that amount, they said, payments totalingv $222,651 were actually made to Monter o and hisfictitious companies, or sent directlyt to hospital employees.
Investigators said Monterk created the two medical equipmentcompanies -- Key's Med-Care and Servui Med-Care Supplies -- for the sole purpose of filinb the fraudulent medical claims. The 11 present or former Jackson Memorial employees allegedly involved in the schemre include two who worked inthe hospital'sw security division, three who worked in four who worked in administration and two who workefd in environmental services. Investigators said Clara E.
38, of Miami, who has sincew resigned from an administrative job inthe hospital'xs accounting office, helped Montero by encouraging her fellow workeras to allow their insurance information to be used in filingt the fraudulent claims. The Florida Department of Insurancre launched the investigation in April 1999 afterrBlue Cross/Blue Shield of Florida discoverex medical supply companies submitting claimsa to cover the same equipment for employees undeer the same health plan. The 16 arresta last February included 11 publicemployees -- nine of them from Jacksoh -- and involved three other fictitious medicapl equipment firms and more than $800,0000 worth of fraudulent claims.
The insurancd department's PROFIT squad, a special strike force establishe by Nelson in the Divisio of Insurance Fraud to focux on major cases involving health insurance has spearheaded the Investigatorssaid Montero's scheme began to unravel after they servedf a court-ordered subpoena and obtained witness statementxs that Key's Med-Care and Servi Med-Care Supplied were fictitious companies that had no patieny records, medical equipment inventory or employee payroll records, or any othet documents or items to support the operatioj of a medical equipment company.
In a doctor whose credentials were used on the claims providee investigators with a sworn affidavit that he neve r signed any prescriptions or other documents for Montero. Ron director of the insurancefraud division, said investigator are continuing to work with Jackson Memorial officials and the to determiner whether there were any other such schemes against the county employees' health plan. Miami-Dade State Attorneu Katherine Fernandez Rundle will prosecute thesslatest cases. Those charged are: Clarqa E. Ortiz, 38, 17360 N.W. 52nd Place, grand theft and organized fraud; Sallide M. Hussey-Spears, 46, 3318 N.W. 193rd St., grand theft and organized fraud; Juanitz T.
Bernard, 40, 17901 N.W. 68th Miami, grand theft; Barbara S. 52, 2281 N.W. 60th St., Miami, granfd theft; Cheryl P. 40, 2745 N.W. 202 Lane, Opa-Locka, gran d theft and organized fraud; Eunice V. Madrigal, 38, also, 18785 N.W. 62nd #105, Miami, grand theft and organized Frederick Spears, 39, 3318 N.W. 193rr St., Miami, grand theft; Silviwa D. Portobanco, 46, 4443 N.W. 185thg St., Miami, grand theft; Fronita D. 44, 4020 S.W. 59th Terrace, Hollywood, grandx theft; Arturo Alvarez, 35, 6195 N.W. 186t h St., Miami Lakes, grand theft; Dennis M. 39, formerly of Miami, last knownb to be in Tucker, Ga., grand theftt and organized fraud; Glorisa F.
Serrie, 53, formerly of now resides in Manning, grand theft.
Friday 7 December 2012
No easy choices ahead for new United Guaranty CEO - Phoenix Business Journal:
martaemimbzini.blogspot.com
Parent company installed Eric Martinez Jr. as CEO of United Guaranty on June 1. He replacesd William “Billy” Nutt, who had been chief executivew since 2001 and an employee of United Guaranty for more than 30 As CEO, Nutt oversaw both a periodc of robust profitability duringh the run-up in the housinvg market nationwide, and then dramatic lossese that totaled $2.5 billion in 2008. Alonbg with other mortgage United Guaranty has been swamped by claimas from lenders to pay off the home loans of hundredz of thousands ofdefaultingg debtors. From his home, Nutt referred all questions toUnitedd Guaranty. Officials there declined comment or to make Martine z available foran interview.
Parent company installed Eric Martinez Jr. as CEO of United Guaranty on June 1. He replacesd William “Billy” Nutt, who had been chief executivew since 2001 and an employee of United Guaranty for more than 30 As CEO, Nutt oversaw both a periodc of robust profitability duringh the run-up in the housinvg market nationwide, and then dramatic lossese that totaled $2.5 billion in 2008. Alonbg with other mortgage United Guaranty has been swamped by claimas from lenders to pay off the home loans of hundredz of thousands ofdefaultingg debtors. From his home, Nutt referred all questions toUnitedd Guaranty. Officials there declined comment or to make Martine z available foran interview.
Thursday 6 December 2012
Fabulous Father's Day activities available at Sandestin Golf and Beach Resort
youngmanmeledero1636.blogspot.com
Book now and receive The Sandestin Father's Day Deal includinhg two free Zipline passes and two free Dunesd PuttingCourse passes. Exceptiona l summer rates are also available. Standard roomx at Bayside Inn starrat $169 and include breakfast for two at Anothet Broken Egg. One bedroomn units with full kitchens are availablewat Luau, just steps from the at rates starting at $209. Also included is a packedx list of free amenitiee suchas tennis, bike rentals, kayaks, fitness center access for adultes and resort Tram transportation. Special Father's Day weekend activitiex at Sandestin include the Annual Emerald Coast BlueMarlin Classic, one of the top bill fish tournaments in the world.
The boat parade on June 18 will help kick off the The spectacular nighttime weigh-ins will take place June 19 and 20 startintg at 4 p.m. at the Baytownr Marina and are open to the YOLOBoard Stand-Up Paddle Series will also be making a stop on June 19 at YOLO Boards are available at the Baytowne Marinqa and can be used to explore the bay. Other activities will keep dad and the whole familg entertainedfor days. Options include four championship golf 15tennis courts, beautiful white sand catch and release ponds for fishing, the Duneas Miniature Golf Putting Course, 19 swimming poolz plus miles of bike and walking trails from the beacb to the bay.
Dad will enjoy all the dining optiona including the newly opened Finz Beachside The Village of Baytowne Whard and The Market Shops at Sandestin also offer a varietyof breakfast, luncn and dinner choices ranging from seafoord to steak. For reservations and information, visigt or call 1-866-91-BEACH. Sandestin offers the most completr resort experience inNorth America. Located on Northwest Florida'es Gulf Coast, Sandestin is a 2,400-acre destinatiob resort for all A member of Beaches of South Sandestin invites guests to enter a world of 30 charming neighborhoodsfeaturinf 1,600 condominiums, villas, town homes and a variety of hotel accommodations.
The resort also feature s more than seven miles of sugar white beachesx and pristinebay front, four championship golf 15 world-class tennis courts, 19 swimminb pools, a 98-slip marina, certified children's a fitness center and spa, 65,000 square feet of meeting space and a pedestriah village with boutique shops, casual and fine dining restaurantd and nightlife venues. Sandestin is part of a world leader indestination
Book now and receive The Sandestin Father's Day Deal includinhg two free Zipline passes and two free Dunesd PuttingCourse passes. Exceptiona l summer rates are also available. Standard roomx at Bayside Inn starrat $169 and include breakfast for two at Anothet Broken Egg. One bedroomn units with full kitchens are availablewat Luau, just steps from the at rates starting at $209. Also included is a packedx list of free amenitiee suchas tennis, bike rentals, kayaks, fitness center access for adultes and resort Tram transportation. Special Father's Day weekend activitiex at Sandestin include the Annual Emerald Coast BlueMarlin Classic, one of the top bill fish tournaments in the world.
The boat parade on June 18 will help kick off the The spectacular nighttime weigh-ins will take place June 19 and 20 startintg at 4 p.m. at the Baytownr Marina and are open to the YOLOBoard Stand-Up Paddle Series will also be making a stop on June 19 at YOLO Boards are available at the Baytowne Marinqa and can be used to explore the bay. Other activities will keep dad and the whole familg entertainedfor days. Options include four championship golf 15tennis courts, beautiful white sand catch and release ponds for fishing, the Duneas Miniature Golf Putting Course, 19 swimming poolz plus miles of bike and walking trails from the beacb to the bay.
Dad will enjoy all the dining optiona including the newly opened Finz Beachside The Village of Baytowne Whard and The Market Shops at Sandestin also offer a varietyof breakfast, luncn and dinner choices ranging from seafoord to steak. For reservations and information, visigt or call 1-866-91-BEACH. Sandestin offers the most completr resort experience inNorth America. Located on Northwest Florida'es Gulf Coast, Sandestin is a 2,400-acre destinatiob resort for all A member of Beaches of South Sandestin invites guests to enter a world of 30 charming neighborhoodsfeaturinf 1,600 condominiums, villas, town homes and a variety of hotel accommodations.
The resort also feature s more than seven miles of sugar white beachesx and pristinebay front, four championship golf 15 world-class tennis courts, 19 swimminb pools, a 98-slip marina, certified children's a fitness center and spa, 65,000 square feet of meeting space and a pedestriah village with boutique shops, casual and fine dining restaurantd and nightlife venues. Sandestin is part of a world leader indestination
Wednesday 5 December 2012
Obama offers 7-year protection for biotech drugs - Denver Business Journal:
vidineevostegity.blogspot.com
The biopharmaceutical industry has argued that the five years of protectiomn offeredby Rep. Henry Waxman, D-Lod Angeles, in H.R. 1427 would stiflse innovation. But the in a report earlier this montbh said the 12 to 14 years that the industrh has said publicly that it wantsx also would hurt innovation anddelay patients’ accesx to cheaper drugs. Rep. Anna Eshoo’s H.R. 1548 callx for a 12-year period of data basically protecting the patents covering innovativewbiotech therapies.
In a letter to Waxman, Nancy-Anjn DeParle, Obama’s health-care reform director, and budgetr director Peter Orszagsaid “the seven-yeard policy in the FY 2010 Budget is a generousa compromise between what the FTC researcbh has concluded and what the pharmaceuticap industry has advocated.” , however, said it is “extremel y concerned” that the seven-year plan is “z risky shortcut to “We believe this abbreviated period will undermine the incentivea necessary for continued biotech research into breakthrougj medicines and cures for diseasews such as cancer, multiple sclerosis, Alzheimer’s and HIV/AIDSw as well as unmet medical needs,” BIO Presidengt and CEO Jim Greenwood said in a Besides patent exclusivity, the industry has argued that drugs developed by biotechj companies can’t be copied like pharmaceutical drugws because they are complex to make and the finished productzs can differ.
The biopharmaceutical industry has argued that the five years of protectiomn offeredby Rep. Henry Waxman, D-Lod Angeles, in H.R. 1427 would stiflse innovation. But the in a report earlier this montbh said the 12 to 14 years that the industrh has said publicly that it wantsx also would hurt innovation anddelay patients’ accesx to cheaper drugs. Rep. Anna Eshoo’s H.R. 1548 callx for a 12-year period of data basically protecting the patents covering innovativewbiotech therapies.
In a letter to Waxman, Nancy-Anjn DeParle, Obama’s health-care reform director, and budgetr director Peter Orszagsaid “the seven-yeard policy in the FY 2010 Budget is a generousa compromise between what the FTC researcbh has concluded and what the pharmaceuticap industry has advocated.” , however, said it is “extremel y concerned” that the seven-year plan is “z risky shortcut to “We believe this abbreviated period will undermine the incentivea necessary for continued biotech research into breakthrougj medicines and cures for diseasews such as cancer, multiple sclerosis, Alzheimer’s and HIV/AIDSw as well as unmet medical needs,” BIO Presidengt and CEO Jim Greenwood said in a Besides patent exclusivity, the industry has argued that drugs developed by biotechj companies can’t be copied like pharmaceutical drugws because they are complex to make and the finished productzs can differ.
Monday 3 December 2012
BofA, Wells to accept California IOUs - Philadelphia Business Journal:
ogarawo.wordpress.com
BofA says the state’s budget crisis promptecd its decision. “To support our customers, while givinhg the state legislature additional time to pass a we will acceptCalifornia state-registered warrants — or IOUs from existing customers and clients,” Charlotte-baser BofA (NYSE:BAC) says in a written statement. San Francisco-baserd Wells (NYSE:WFC) says it is accepting the warrants for the sake ofits "We are reluctant to take this but are doing so to help our customer who are not at fault and with the expectation that the legislature and governor will complete the budget withi days," Wells says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakerss for failing to pluga $24 billionh hole in the state budget beforer the start of the new fiscal year. And he callede a special session of the statr legislature to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billiohn due to the loss of education-relatedx budget fixes, Schwarzenegger said at a pressd conference Wednesday. He also announced an executive order addinv a third furlough day each month forstatd workers, a move expected to free up an additionakl $425 million in the new fiscal Although the governor calledf for the special session, it is up to the legislature to schedulwe it.
When it will be held is yet tobe
BofA says the state’s budget crisis promptecd its decision. “To support our customers, while givinhg the state legislature additional time to pass a we will acceptCalifornia state-registered warrants — or IOUs from existing customers and clients,” Charlotte-baser BofA (NYSE:BAC) says in a written statement. San Francisco-baserd Wells (NYSE:WFC) says it is accepting the warrants for the sake ofits "We are reluctant to take this but are doing so to help our customer who are not at fault and with the expectation that the legislature and governor will complete the budget withi days," Wells says. On Wednesday, Gov.
Arnold Schwarzenegger blasted state lawmakerss for failing to pluga $24 billionh hole in the state budget beforer the start of the new fiscal year. And he callede a special session of the statr legislature to fix thebudget mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billiohn due to the loss of education-relatedx budget fixes, Schwarzenegger said at a pressd conference Wednesday. He also announced an executive order addinv a third furlough day each month forstatd workers, a move expected to free up an additionakl $425 million in the new fiscal Although the governor calledf for the special session, it is up to the legislature to schedulwe it.
When it will be held is yet tobe
Sunday 2 December 2012
Villa Rica-based Community Bank of West Georgia fails - Business First of Columbus:
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No bidder was found for Communitty Bank’s operations — one branchg in the Atlanta suburb — and the bank will be The will mail depositors checka for their insured fundsnext week, according to a releasre from the Georgia Department of Banking and Finance. Unti l then, depositors will not have accese to their moneyvia ATMs, checks or the bank’se Web site. As of first quarter 2009, the bank had $182.5 million in total The FDIC estimates $1.1 million in customer depositsware uninsured. Currently the FDIC guaranteess upto $250,000 in deposits per account.
Blairsville-basedd will act as the deposit agent for any federal funds customers would normally receivew from the bank viadirect deposit, includinfg Social Security and Veterans’ payments. This is the seconds seizure without a buyer in Georgia sincer thebanking collapse. was . Stockbridge-based bank failed in Marcg 2009, and served as the deposit agent for federal money for customers inthat deal. Community Bank, like a growinhg catalog of failedGeorgia banks, gamblexd heavily on residential real estate loans, and lost. The bank was createdd at the beginnings of the home buyinfg andconstruction boom, in 2003.
As of firstr quarter 2009, roughly one-thirdr of the bank’s $129 million in totap loans were in some stageof delinquency, default or had becomw bank-owned foreclosures. By the time of the bank’ss seizure, it had $27 million in foreclosed real estatse onits books, $11 million in loanes that appeared unlikely to be repaid and only $7.3 milliob in equity capital to absorb The bank’s Texas Ratio — or a comparison of its loan problems to its equituy capital, an industry metricf created during the S&L Crisis to measure health throughout Texas — was 294 percent at the end of firsf quarter 2009.
Most of the baker’es dozen bank failures in Atlanta had Texas Ratiose in excess of300 percent, and is becominyg a common indicator of banks likelg to be seized by regulators. The failur e is expected to costthe FDIC’sw hard hit insurance fund $81 Developing...
No bidder was found for Communitty Bank’s operations — one branchg in the Atlanta suburb — and the bank will be The will mail depositors checka for their insured fundsnext week, according to a releasre from the Georgia Department of Banking and Finance. Unti l then, depositors will not have accese to their moneyvia ATMs, checks or the bank’se Web site. As of first quarter 2009, the bank had $182.5 million in total The FDIC estimates $1.1 million in customer depositsware uninsured. Currently the FDIC guaranteess upto $250,000 in deposits per account.
Blairsville-basedd will act as the deposit agent for any federal funds customers would normally receivew from the bank viadirect deposit, includinfg Social Security and Veterans’ payments. This is the seconds seizure without a buyer in Georgia sincer thebanking collapse. was . Stockbridge-based bank failed in Marcg 2009, and served as the deposit agent for federal money for customers inthat deal. Community Bank, like a growinhg catalog of failedGeorgia banks, gamblexd heavily on residential real estate loans, and lost. The bank was createdd at the beginnings of the home buyinfg andconstruction boom, in 2003.
As of firstr quarter 2009, roughly one-thirdr of the bank’s $129 million in totap loans were in some stageof delinquency, default or had becomw bank-owned foreclosures. By the time of the bank’ss seizure, it had $27 million in foreclosed real estatse onits books, $11 million in loanes that appeared unlikely to be repaid and only $7.3 milliob in equity capital to absorb The bank’s Texas Ratio — or a comparison of its loan problems to its equituy capital, an industry metricf created during the S&L Crisis to measure health throughout Texas — was 294 percent at the end of firsf quarter 2009.
Most of the baker’es dozen bank failures in Atlanta had Texas Ratiose in excess of300 percent, and is becominyg a common indicator of banks likelg to be seized by regulators. The failur e is expected to costthe FDIC’sw hard hit insurance fund $81 Developing...
Saturday 1 December 2012
ESPN to share Spanish soccer rights with GolTV - Boston Business Journal:
ogarawo.wordpress.com
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristianol Ronaldo. Ronaldo's transfer recently made wavez for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’sz domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsr time to soccer fans inthe U.S.
With the pendint addition of Cristiano Ronaldoand Kaka, the timing is great to includwe this great property to the ESPN Deportes as it is the most exciting socce r league in the world Lino Garcia, general manager of ESPN said in a statement.
One member of La Liga, Real has made headlines recently acquiring two of the biggesty names in thesport -- Kaka and Cristianol Ronaldo. Ronaldo's transfer recently made wavez for being the most expensive transfer inthe sport's history. Matches will be shown on both ESPN2 andESPN Deportes, as well as ESPN Deportes and ESPN360.com will also have rights to Copa del Rey, Spain’sz domestic cup tournament. "We’re thrilled to work with GolTV to showcase La Liga on ESPN for the firsr time to soccer fans inthe U.S.
With the pendint addition of Cristiano Ronaldoand Kaka, the timing is great to includwe this great property to the ESPN Deportes as it is the most exciting socce r league in the world Lino Garcia, general manager of ESPN said in a statement.
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